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Bulletin de la Bourse
CI Utilities Giants Covered Call ETF (CUTL, CUTL.B) inscrit à la Bourse de Toronto
16 février 2023
Issuer: CI Utilities Giants Covered Call ETF ("CI ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged Common Units | CUTL | 50,000 | None | C$20.00 |
| Unhedged Common Units | CUTL.B | 50,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency | CDN$ |
| Transaction: | Initial public offering (the "Offering") of Hedged Common Units and Unhedged Common Units (collectively, the "Units") |
| Listing date: | February 17, 2023 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | February 21, 2023 (prior to the opening). |
| Posted for trading date: | February 21, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: | Geraldo Ferreira Senior Vice-President, Investment and Product Management CI Global Asset Management 416-681-7723 gferreira@ci.com |
| Incorporation: | CI ETF is an exchange traded mutual fund for Canadian securities law purposes and is established under the laws of Ontario pursuant to the amended and restated declaration of trust dated December 16, 2022 as amended from time to time. |
| Manager: | CI Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | CI ETF's investment objective is to provide Unitholders, through an actively managed portfolio with (i) regular cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 20 largest utility companies measured by market capitalization listed on a North American stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly. The issuers included in the portfolio, which are based on their market capitalization, may be adjusted based on the Portfolio Manager's view on the liquidity of the issuers' equity securities and their related call options. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions, if any, on the Units will be paid quarterly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated December 16, 2022 (the "Prospectus") which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Hedged Common Units will be issued at a subscription price of C$20.00 per each Hedged Common Unit and 50,000 Unhedged Common Units will be issued at a subscription price of C$20.00 per each Unhedged Common Unit. CI ETF is authorized to issue an unlimited number of Units, each of which represents an undivided interest in the net assets of CI ETF. The Units of CI ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |